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Category: expected

  • CBA shifts expected RBA rate cut timing to December 2024 (from November)

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    Investor Empires

    The Commonwealth Bank of Australia has decided to postpone the expected date of the Reserve Bank of Australia’s first interest rate cut from November 2024 to December 2024. Expect a 25 basis point cut. The recent strength in employment growth coupled with relatively hawkish rhetoric from the RBA Governor means…

  • Bank of Japan meeting this week – preview (no rate change expected)

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    Investor Empires

    The Bank of Japan is scheduled to meet on September 19-20. The announcement will be made sometime between 0230 GMT and 0330 GMT on Friday (no firm time): 2230 – 2330 EST The last speech we heard from the Bank of Japan was hawkish (well, relatively hawkish for the Bank…

  • Bitcoin Rally Expected Once Price Breaks $69,500 – FOMO Likely?

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    Investor Empires

    Bitcoin is at a critical moment after weeks of violent corrections and disappointing price action. Currently testing the crucial psychological level of $60,000, the cryptocurrency is facing a critical phase as investor sentiment shifts from fear to cautious optimism. The shift comes as many are anticipating a potential rally in…

  • Bitcoin Rally Expected Once Price Breaks $69,500 – FOMO Likely?

    •

    Investor Empires

    Bitcoin is at a critical moment after weeks of violent corrections and disappointing price action. Currently testing the crucial psychological level of $60,000, the cryptocurrency is facing a critical phase as investor sentiment shifts from fear to cautious optimism. The shift comes as many are anticipating a potential rally in…

  • DOT, POL, XRP, ADA face a tough rival expected to rise from $0.03 to $15 by end of 2024

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    Investor Empires

    Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. A new digital asset poised to rival DOT, POL, XRP, and ADA, with an expected rise from $0.03 to $15 by the end of 2024. Cryptocurrencies like DOT, POL, XRP,…

  • DOT, POL, XRP, ADA face a tough rival expected to rise from $0.03 to $15 by end of 2024

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    Investor Empires

    Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. A new digital asset poised to rival DOT, POL, XRP, and ADA, with an expected rise from $0.03 to $15 by the end of 2024. Cryptocurrencies like DOT, POL, XRP,…

  • China August: Retail sales +2.1% y/y (expected +2.5) Industrial production +4.5% y/y (4.8)

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    Investor Empires

    China’s August 2024 retail sales, industrial production and investment data – another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) Expected 2.5%, previous 2.7% Industrial Production +4.5% (YoY) (Aug) Expected 4.8%, previous 5.1% Fixed Asset Investment +$3.4 (YTD) (YoY) (Aug) Expected 3.5%, previous 3.6% Unemployment rate 5.3% Expected 5.2%,…

  • ECB Lowered Main Deposit Rate by 0.25% as Expected, Growth Forecasts Downgraded

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    Investor Empires

    European Central Bank policymakers unanimously decided to cut their key deposit rate by 0.25% as expected, following a previous cut in June. The central bank cut the deposit rate from 3.75% to 3.50% and the main refinancing rate from 4.25% to 3.65%, citing weak growth prospects due to slowing private…

  • Mexico’s commercial vehicle sales expected to hit record in 2024 By Reuters

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    Investor Empires

    MEXICO CITY (Reuters) – Sales of commercial vehicles in Mexico could hit a record high this year, the Mexican automobile distributors’ association said on Wednesday. Why is this important? Mexico exported $593 billion worth of goods in 2023, most of which was transported overland using trucks or trailers. The flow…

  • PBOC is expected to set the USD/CNY reference rate at 7.1198 – Reuters estimate

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    Investor Empires

    The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…

  • Oil – private survey of inventory shows a headline crude oil draw vs. build expected

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    Investor Empires

    Figures via oilprice.com on Twitter: — The predictions I saw focused on: Crude oil rises by 1.0 million barrels Distillates +0.3 million barrels Gasoline -0.1 million — This data point is taken from a special survey conducted by the American Petroleum Institute (API). It is a survey of oil storage…

  • Japan data – July household spending +0.1% y/y (expected +1.2%)

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    Investor Empires

    High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…

  • UK August construction PMI 53.6 vs 54.9 expected

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    Investor Empires

    The reading is slightly lower than in July but still looks good. New order growth remains strong while housing activity rebounded to its fastest pace since September 2022. Commercial activity remains the best performing sector but all sectors – including civil engineering – are growing, so this roughly sums up…

  • Australian July Trade Balance is a surplus of AUD 6.009bn (expected 5.15bn)

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    Investor Empires

    High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…

  • China Caixin Manufacturing PMI August 2024: 50.4 (expected 50.0, prior 49.8)

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    Investor Empires

    Over the weekend, we got the official PMIs: China Manufacturing PMI for August 49.1 (49.5 expected), Services 50.3 (50.0 expected) More details: The Caixin S&P Global Manufacturing Purchasing Managers’ Index was much better, at 50.4. From the report, in brief: Demand rose as total new orders resumed growth, with demand…

  • US July core PCE +2.6% y/y vs +2.7% expected

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    Investor Empires

    Previous was +2.6% Core Personal Spending +0.2% MoM vs. +0.2% Expected (Unrounded +0.161%) Previous M/M +0.2% Core PCE inflation rose to +2.5% YoY vs. +2.6% expected (+2.5%) Deflator +0.2% MoM vs. +0.2% Expected (previous was +0.1%) Unrounded m/m +0.155% Consumer Spending and Income for July: Personal income +0.3% vs. +0.2%…

  • China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)

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    Investor Empires

    Official China PMI for August 2024 from the National Bureau of Statistics (NBS) More to come — The Chinese economy has shown, and continues to show, an uneven and unbalanced recovery. Key areas of concern include: Uncertain outlook for debt-ridden real estate sector Consumer confidence and demand decline Excess manufacturing…

  • US August UMich final consumer sentiment 67.9 vs 68.0 expected

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    Investor Empires

    The initial score was 67.8. It was previously 66.4 Current conditions 61.3 vs. 60.9 in initial test (62.7 in previous test) Expectations 72.1 vs 72.1 in the preliminary test (68.8 in the previous test) Inflation over one year 2.8% vs. 2.9% initially Inflation over 5 years 3.0% vs. 3.0% initially…